Financial statements

Enron, WorldCom, Tyco and Sunbeam because these companies collaborated with their auditors and provided misleading financial reports to their investors and shareholders. Consequently, the Sarbanes Oxley Act of 2002 was enacted by the U.S. Congress to protect investors from the possibility of fraudulent accounting activities by corporations by mandating strict reforms to improve financial disclosures from corporations and preventing accounting fraud (Staff, 2017). It is vital to compare and…

INTRODUCTION This report aims to study the communication systems of a not-for-profit organisation in Victoria, named Victorian AIDS Council (VAC). In the first part, some background information, including an organisational chart, different channels of communication with the organisation’s key internal and external stakeholders and funding resources will be examined. In the second part, a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis will be employed to examine the competitiveness…

Indeed the essay written has strengths as follows: 1. Discussion about derivatives Our essay considered the nature of Toshiba which is a global-wide company facing a risk of volatility in their business. Toshiba employs a variety of derivative financial instruments account such as forward exchange contracts and interest rate swap agreement as a hedging instrument to…

Frequency in financial terms is usually measured in increments of time ranging from weekly, monthly, quarterly or annually. It is not too uncommon to see projections displaying potential estimated data sets. When looking at the BRRH scenario, where the hospital 's cash on hand and accounts receivable needs to be monitored, our analysis was based on the institution 's annual financial statements. Because we have identified these as opportunities for improvement…

One can never tell what he truly wants unless faced with many opportunities and has tried them hard enough. That’s definitely true, from what I have been through. Different from most other students, I didn’t start my accounting study until the second undergraduate year. And that’s exactly the time when I know that I finally find the thing I would devote to. Needless to say, that was quite a phenomenal change both academical and psychological, since the major I used to take was Chinese…

However, providing for financial mobility at minimum cost should gain priority as the main objective of liquidity management in the flow approach. As a result, three basic activities cash flow planning, implementation of early warning systems and resource planning for financial mobility should constitute the content of liquidity management in the same approach. These ideas proceed from the author’s attempt to integrate with the general theory, Donaldson’s concept of “financial mobility” and his…

explanation for non-compliance, this is known as ‘comply or explain.’ The code sets out good practice covering issues such as board composition and effectiveness, the role of board committees, risk management, remuneration and relations with shareholders (Financial Reporting Council). The UK Corporate Governance Code was introduced due to the fact that managers often lose sight of the wellbeing of shareholders. This is known as the Principal-Agent problem or the Agency problem. Petrovic and…

Further investigation by WSJ staffer Jesse Eisinger led to the revelation on 8 August 2000 of a major financial scandal involving fictitious transactions in Korea and improper accounting methodologies elsewhere. In April 2001, founders Jo Lernout and Pol Hauspie, as well as former CEO Gaston Bastiaens, were arrested in what is considered one of the largest…

Smith was not trying to micromanage Keith Schmidt. Conflict accrued due to Smith’s desire for his power as a chairman to be recognized and taken into consideration, rather than control Schmidt’s work. Since parties had different viewpoints on the financial abilities of the museum and the rate it should grow, they failed to cooperate to reach the results that satisfy the interests of both sides. 2. What type of conflict are they experiencing? Smith and Schmidt experiencing power conflict that is…

“Dress For Less,” a store to find brand-name fashion at the lowest possible cost! Ross Store Inc. offers that and much more from apparel fashion to every day in home essentials, as the company stated in the annual report, “THERE’S ALWAYS A BARGAIN IN STORE.” For over 30 years in the industry recently consider the fastest growing retailer in the industry the company has focus on bringing fashion with discounts of 20% to 60% off store departments. Lets experience the marvelous world Ross Store…